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20172022
most citedOptimal performance of a tontine overlay subject to withdrawal constraints

3 citations · 3 across the 3 of their papers we have counts for

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Showing 2021 · q-fin.CPShow all

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q-fin.CP2021

Optimal control of the decumulation of a retirement portfolio with variable spending and dynamic asset allocation

Peter A. Forsyth, Kenneth R. Vetzal, Graham Westmacott

We extend the Annually Recalculated Virtual Annuity (ARVA) spending rule for retirement savings decumulation to include a cap and a floor on withdrawals. With a minimum withdrawal…